Robinhood Lists Grayscale’s Bitcoin and Ethereum Trusts

Robinhood has Grayscale’s Bitcoin and Ethereum Trust (GBTC and ETHE) to the its platform.

The firm’s brokerage account customers can now buy or sell GBTC and ETHE stock and options commission-free.

Robinhood had rolled out its crypto wallet during the first week of April. On April 12, 2022, Robinhood listed shiba inu (SHIB), compound (COMP), polygon (MATIC), and solana (SOL).

Year-to-date statistics show GBTC is down 46.63% and ETHE is down 44.08%.

Grayscale is in the midst of trying to get its trust converted into an exchange-traded fund (ETF) but the SEC has been an obstacle for bitcoin spot ETFs to emerge and the U.S. regulator has yet to approve a bitcoin spot ETF.

Grayscale Investments is also asking people to get involved with the effort to get the U.S. regulator to approve the conversion of GBTC to an ETF.